Sell Side Advisor
Kroll Corporate Finance Advised Nitrosul Indústria e Comércio de Explosivos Ltda. on Its Sale to Austin Powder Company
On January 7, 2022, Nitrosul Indústria e Comércio de Explosivos Ltda. (“Nitrosul” or the “Company”) was acquired by Austin Powder Company ("Austin Powder").
The Brazilian Business Services M&A practice of Kroll Corporate Finance served as the exclusive financial advisor to Nitrosul in connection with the transaction.
About Nitrosul Indústria e Comércio de Explosivos Ltda.
Nitrosul was founded by the Almeida family in 2004 and is a market leader in Brazil. They are traditional manufacturers of explosives and initiation systems for industrial blasting operations. Nitrosul currently offers several types of services, such as dismantling with immediate use of explosives, seismography, technical consulting, rental of authorized vehicles, among others. The Company delivers throughout the Brazilian territory through its own fleet and is legally endorsed by the Brazilian Army. Manucci Advogados (part of Interlaw) served as legal counsel to Nitrosul.
About Austin Powder Company
Austin Powder is the oldest manufacturing enterprise in Ohio, U.S. and one of the oldest manufacturers of explosives in the world. Founded in 1833 in Akron, Ohio, Austin Powder began a period of significant technical and international expansion from 1985. By 1995, the company had operations in a dozen countries around the world with over 1,400 employees. Today, Austin Powder is servicing customers in the Americas, Europe, Asia and Africa. Azevedo Sette Advogados served as legal counsel to Austin Powder.
Corporate Finance and Restructuring
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Mergers and Acquisitions (M&A) Advisory
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Transaction Advisory Services
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.
Fairness and Solvency Opinions
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.